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Not Going Anywhere: HUD Secretary Ben Carson

December 21, 2018
Paul Muolo
Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.
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As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director

December 21, 2018
Paul Muolo
Joseph Otting will be joining the Trump administration's "two-hat" club...
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What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Brea

December 21, 2018
Paul Muolo
The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...
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Under Kraninger, CFPB to Look at Enforcement, Rulemaking Afresh

December 21, 2018
In her first public remarks as CFPB director, Kathy Kraninger has signaled a fresh start for the consumer watchdog.
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Kraninger Makes Her First Move at CFPB – Halts Name Change Efforts

December 21, 2018
In one of her first acts in office, Director Kathy Kraninger has halted all ongoing efforts related to changing the CFPB’s name.
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Employee Satisfaction at CFPB Plunges, Leadership to Blame

December 21, 2018
Employee satisfaction at the CFPB has taken a big hit over the past year, according to a ranking by nonprofit organization Partnership for Public Service and Boston Consulting Group.
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Other News in Brief

December 21, 2018
Agencies issue guidance on 37 key data fields for HMDA examination; Rep. Maxine Waters formally nominated to chair the House Financial Services Committee.
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Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI

December 20, 2018
Paul Muolo
Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.”
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FHA Commissioner Montgomery Takes on Added Role as HUD Number Two After Patenaude Departs

December 20, 2018
First, the good news: Department of Housing and Urban Development Secretary Ben Carson appears to be staying put despite recent rumors he might be up for another job in the Trump administration.
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PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

December 19, 2018
Paul Muolo
Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…
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